BITCOIN / U.S. DOLLAR
Price Analysis
Bitcoin slipped below both the basis (middle line) of Bollinger Bands and its twenty-day EMA including the $11.5K mark. The Bulls tried to take the price above the $11.5K mark but could make a high almost at the 20 EMA at $11,546 and closed the price just below $11.5K level at $11,471 on Wednesday, 26th August 2020. They saved the cryptocurrency from going below the lower Bollinger Band and picked it up from a few points below it making a low of $11,219.9 yesterday. As the fifty-day MA goes on sloping up, bulls need to increase more momentum to take the asset further high towards the upper Bollinger Band region. Traders and investors are eagerly waiting for the asset to escalate back higher above $11,500 and the basis (middle line) of Bollinger Bands to witness profits.
Key points to mark:
Immediate resistance that BTC faces: $11,565 (20 EMA) + $11,730 (basis of BB). If bulls take the price above these levels, it will test $12,162 (upper BB), followed by $12,325 before rising to $13,174 and $13,764 resistance levels.
Immediate support that BTC faces: $11,298.8 (lower BB). If the price falls below this level, it will test $11000 level, followed by $10,738.8 (50 MA) + $10,500 support levels.
Indicators
MACD has increased its deceleration. The MACD line is sloping down towards the 0 level below the signal line. RSI is slightly sloping up at 50.7 level with bulls still commanding.
ETHEREUM / U.S. DOLLAR
Price Analysis
Ethereum continues to trade between the $380 to $410 levels. The Bulls saved Ethereum from slipping down below the $380 mark by making a positive close above it. Bulls tried to take the altcoin above its twenty-day exponential MA but could make a high exactly at it of $393.5 and positively closed it just above the $380 level at $386 on Wednesday, 26th August 2020. The bulls did not allow ETH to go down below a low of $377.8 yesterday. The fifty-day MA goes on sloping up and traders & investors who smartly invested in this project are waiting for the asset to trade in the upper half of the Bollinger Bands region to witness further higher levels.
Key points to mark:
Immediate resistance that ETH faces: $393 (20 EMA). If bulls take it above this level, ETH will test $404.6 (basis of BB) + $410 before rallying to $437 + $443.8 (upper BB), followed by $458 level.
Immediate support that ETH faces: $380. If bears push ETH below it, it will test $365 (lower BB) before declining down to $337 (50 MA) support level.
Indicators
MACD has increased its deceleration. MACD line is going down further towards the 0 level, below the signal line including it. RSI has flattened at 50.6 indicating bulls are still favorable.
RIPPLE / U.S. DOLLAR
Price Analysis
Ripple got pulled down by the bears below both the $0.285 resistance and its twenty-day EMA. The bulls managed to not let it slip down below the lower Bollinger Band. The bulls made a high just below the 20 EMA at $0.280 and closed the price at $0.276 on Wednesday, 26th August 2020. Bulls did not let the asset slip below the lower BB and bought the low at $0.274 yesterday. Traders and investors continue to take advantage of this lower dip and fill their bags with more Ripples. Bulls need to increase more strength and take Ripple above the $0.285 and the basis (middle line) of Bollinger Bands to its upper half zone.
Key points to mark:
Immediate resistance that XRP faces: $0.284 (20 EMA) + $0.285. If bulls push XRP above these levels, $0.291 (basis of BB) will be tested, followed by $0.309 + $0.311 (upper BB), and then $0.318, a minor resistance at $0.327 before rallying up to $0.346 level.
Immediate support that XRP faces: $0.271 (lower BB). If bears push XRP below this level, it will test the $0.255 + $0.253 (50 MA) before declining to $0.241 support level.
Indicators
MACD has increased its deceleration. The MACD line is sloping downwards parallelly below the signal line, both nearing the 0 level. RSI has flattened at 48.4 indicating bulls still have the upper hand.
LITECOIN / U.S. DOLLAR
Price Analysis
Litecoin has gone down below both the basis (middle line) of Bollinger Bands and its twenty-day EMA. The asset is now trading in the lower half of the Bollinger Bands region. The bulls tried to take the price above its 20 EMA and basis of BB but made a high just a few points below them at $59 and closed the price at $58 on Wednesday, 26th August 2020. Bulls picked up the dip from and did not let the altcoin sink below a low of $57 yesterday. Bulls now require to increase more strength and momentum to push Litecoin back into the upper Bollinger Band zone.
Key points to mark:
Immediate resistance that LTC faces: $59 (20 EMA + basis of BB). If bulls can take the price above this level, LTC will test $60.5, followed by $64, then $66 (upper BB) before rallying to $72, $76, and $80 at the higher resistance levels.
If bears take over and push the price out of the Bollinger Bands below $53 (50 MA) and $52.9 (lower BB), LTC will test $51 before testing $46 support level.
Indicators
MACD has increased its deceleration. The MACD line is moving away below the signal line, both above 0 level. RSI has flattened at 49.7 level indicating bulls are still in the game.
BITCOIN CASH / U.S. DOLLAR
Price Analysis
Bitcoin Cash completely fell below the $280.5 level. The bulls managed to save it from slipping below both the lower Bollinger Band and the fifty-day MA. Bitcoin Cash made a high just below the $280 mark at $278.9 and closed the price at $274.8 on Wednesday, 26th August 2020. The bulls saved the cryptocurrency from falling below the intersection of the lower BB and the 50 MA and bought the dip making a low of $271 yesterday. Traders and investors, while filling in more at lower levels, also watch out for the next move. Bulls need to increase more strength for the altcoin to escalate back above the $280.5 level to witness profitable levels again.
Key points to mark:
Immediate resistance that BCH faces: $280.5. If bulls take BCH above this level, it will face resistance at $288 (20 EMA) + $294 (basis of BB), followed by $316 (upper BB), then $330 before rallying to $353 resistance level.
Immediate support that BCH faces: $272 (lower BB + 50 MA). If bears push BCH below this level, it will go down to test $260 before declining to $246 support level.
Indicators
MACD has increased its deceleration. The MACD line is sloping down below the signal line away from it, almost touching the 0 level. RSI has flattened at 44.5 level indicating that bulls are losing their strength.
